China Qinfa Group has confirmed the sale of a modern kamsarmax bulker to Greek shipowner Kassian Maritime Navigation.

The shipowner and coal company said the 82,000-dwt Oriental Wise (built 2011) had been sold to the Pappadakis family-controlled company for $17.45m.

TradeWinds first reported details of Hong Kong-listed Qinfa’s disposal of the Longxue-built bulker in the middle of April 2018.